Americas
EPA sets US biofuels targets slightly higher for 2018
NEW YORK/WASHINGTON (Reuters) — The US Environmental Protection Agency said on Thursday it will require fuel companies to blend slightly more biofuels into the nation's gasoline and diesel next year, reversing a previous proposal for a small cut.
KBR awarded ammonia plant revamp in India
HOUSTON — KBR, Inc. announced it has been awarded an ammonia plant revamp contract by Rashtriya Chemicals & Fertilizers Ltd (RCF).
Copersucar partners with BP on ethanol complex in Brazil
SAO PAULO (Reuters) — Brazil’s Copersucar, one of the world’s largest ethanol merchants, and BP’s Brazil unit said on Thursday they will form a 50–50 logistics JV in the country.
Argentina biodiesel exports decline after US tariffs imposed
BUENOS AIRES (Reuters) — Argentina's biodiesel exports fell 30% in the third quarter of 2017 from the previous year to 353,034 t, the government's statistics agency said on Wednesday, indicating that new US import tariffs have had a swift impact.
Rising US propane exports to Asia widen heating-value spread
HOUSTON (Reuters) — Propane is trading at its widest premium to butane on a heating value basis in four years as strong US exports combined with expectations of a colder US winter than a year ago have tightened inventories.
EIA: US crude stocks fall, but gasoline, distillates up
(Reuters) — US crude oil stocks fell last week, led by the biggest fall in inventories at the Cushing, Oklahoma storage hub in eight years, while gasoline and distillate stockpiles rose, the Energy Information Administration said on Wednesday.
Oil slips on OPEC deal uncertainty and rising US inventories
LONDON (Reuters) — Oil prices slipped on Wednesday as doubts set in about Russia's willingness to substantially extend a deal among some of the world's biggest exporters to curb output to help tackle global oversupply and support prices.
US ethanol makers call on Mexico, India to reduce biofuel glut
CHICAGO (Reuters) — US ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers.
Mexico's Pemex declares force majeure on Isthmus crude oil
SINGAPORE (Reuters) — Mexico's national oil company Pemex has declared force majeure on the loading of Isthmus crude, two sources with knowledge of the matter said on Wednesday.
TransCanada to restart Keystone pipeline on Tuesday
CALGARY, Alberta (Reuters) — The Keystone crude oil pipeline will restart at reduced pressure on Tuesday, TransCanada Corp said, nearly two weeks after closing the line after it leaked 5,000 bbl of crude in rural South Dakota.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
